VANCOUVER, BC, July 28,
2022 /CNW/ - Mineral Hill Industries
Ltd. ("Mineral Hill" or "the
Company") listed on the TSX Venture exchange ("TSXV")
under the trading symbol "MHI" and on the Deutsche Boerse,
Frankfurt under the trading symbol
"MLN" announces that it plans to complete the private placement
announced on April 29, 2022, which
has been delayed.
The conditions of the financing will remain the same with the
Company raising $150,000 comprised of
600,000 common shares at $0.25. The
funds will be used for working capital.
Due to the current financial climate, the Company has
experienced some delays but has received an executed subscription
agreement and expects to close the private placement in the near
future.
The private placement is subject to the acceptance by the TSX
Venture Exchange and cannot close until it is accepted by the TSX
Venture Exchange.
ABOUT MINERAL HILL INDUSTRIES
LTD.
Mineral Hill is a publicly trading junior mining company focused
on the acquisition, exploration, development and possible mining of
natural resources, with the objective of developing the Dot-Apex
Claim Group ("Apex Claims") and the Master-ACE Claim Group
("ACE Claims"), located in south-western British Columbia (the "BC-Project").
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements. There is no assurance the private placement referred to
above will close on the terms as stated, or at all. The Company
disclaims any intention or obligation to revise or update such
statements.
SOURCE Mineral Hill Industries Ltd.